8 most stingy billionaires

It is great to have a lot of money, but some Billionaires are very weird, that is in the context of a consumerist society, or one that is being seduced to be.

This article is a curated content by the (@BigBounce01), a Tweep that deals in long twitter posts known as thread on some of the World’s stingy billionaires.

Do you know any Kenyan one? (contact@ekoroi.com). Enjoy your read.

A #thread on some of the most stingy billionaires to ever live.

Ingvar Kamprad
  1. Ingvar Kamprad

The founder of Ikea (currently valued at ) flew economy, rode the bus, drove a decades old Volvo and regularly ate lunch in Ikea’s cafeteria. He passed away on January 27, 2018 at the age of 91. He was worth around $58 Billion at the time he passed.

A truly remarkably man.

John Caudwell
  1. John Caudwell

He is currently worth: $2.7 Billion

Co-founder of British cellphone company, Phones 4u, cuts his own hair and buys his clothes off the rack at Marks & Spencer.

David Cheriton
  1. David Cheriton

Current Worth : $6.7 billion

The billionaire professor at Stanford University and founder of Distributed Systems Group saves half of his meal for the next day when eating somewhere expensive, cuts his own hair, and drives a 1986 Volkswagen van.

Warren Buffet
  1. Warren Buffet

His antics are well known in the financial world.

Current Worth: $70. 8 billion.

He lives in an old home in Nebraska that he bought in 1958 for $31,500.

He’s been carrying the same wallet for 20 years, eats at McDonalds everyday for breakfast, uses a flip phone, and has been driving the same car for many years.

Jean Paul Getty
  1. Jean Paul Getty

The billionaire refused to pay the $17 million ransom when his grandson was kidnapped.

Eventually, he agreed on $3 million when the kidnappers sent him his grandson’s severed ear.

However, he only paid $2.2 million since that was the maximum that was tax deductible.

The other $800k, he loaned to his son on the condition that he pays him back with 4% interest.

In 2017, a movie was made about the event.

Azim Premji
  1. Azim Premji

Indian business tycoon, investor, engineer, and philanthropist, who is the chairman of Wipro Limited. He is informally known as the Czar of the Indian IT Industry. Current Worth: $6.3 Billion

He is one of the richest men in India. It is said that he drives a Toyota Corolla, flies coach, and stays in company guest houses while on business. At work, he reminds his employees to turn off the lights at the office and keeps tabs on toilet paper usage.

He even used paper plates for his son’s wedding.

Hetty Green
  1. Hetty Green (1834-1916)

Hetty Green, nicknamed the Witch of Wall Street, was an American businesswoman and financier known as “the richest woman in America” during the Gilded Age. She was known for her wealth and was named by the Guinness Book of World Records as the “greatest miser”.

A billionaire by today’s standard’s, Hetty’s miserliness was legendary. She wore her clothes (and undergarments) until they were worn out, and legend has it she once spent half the night searching for a stamp worth 2 cents.

She also once tried to get her son admitted in a hospital for the poor (because it was free) after he broke his leg-the leg eventually had to be amputated. She also suffered a hernia because she did not want to pay the $150 bill (she was worth $100m-200m at the time) and moved regularly to avoid paying taxes in any of the states she lived in. She refused to get her own office, preferring instead to work from the bank.

And she would travel as far as possible to collect her debts, even if you only owed her a hundred dollars. A miserly billionaire if there ever was one. Also, she was rich enough to loan New York City money, several times, including a $1.1m loan once.

Jomo Kenyatta’s first visit to the Central Bank of Kenya (CBK)

           8. Jomo Kenyatta

It is common knowledge at this point in time, that the man who was the highest-paid as Kenya got independence in 1963 never bought the land or have the cash that it is now said his family has.

President Jomo Kenyatta just got his way.

His wealth, unlike the other 7 doesn’t come from innovation or business acumen. This explains why, over 40 years after his death, his descendants find it easy to loot public coffers instead of working on what they’ve already stolen.